47th GST Council Meeting: Measures for streamlining compliances under GST
The GST Council’s 47th meeting was held in Chandigarh on June 28th and 29th, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia recommended certain measures for streamlining compliances under GST:
- Amendment in Rule 21A of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”) (i.e. suspension of registration) w.r.t. automatic revocation of suspension of registration due to continuous non-filing of returns to be done, once all the pending returns are filed by the taxpayer on the GST portal.
- Proposal for comprehensive changes in FORM GSTR-3B to be placed in public domain for seeking inputs/suggestions of the stakeholders.
- Time period from March 01, 2020 to February 28, 2022 to be excluded from calculation of the limitation period for filing refund claim and for issuance of demand/order by the proper officer in respect of erroneous refunds under Section 73 of the CGST Act.
- Extension of limitation period under Section 73 of the CGST Act till September 30, 2023 for Financial Year 2017-18 and for issuance of order w.r.t. the demands linked with due date of annual return.
The Press release can be accessed at - https://www.pib.gov.in/PressReleasePage.aspx?PRID=1838020
